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Microstrategy’s stock is expected to soar by 64%, fueled by its bold bitcoin investment strategy, according to Bernstein analysts. Michael Saylor’s leadership and the company’s vast BTC holdings, valued at $16 billion, have played a pivotal role in its performance. However, challenges such as net losses and bitcoin volatility could complicate this forecast, despite a … Read more
On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed “The Bunker,” now has approximately 3.8 exahash per second (EH/s), after the 18 MW increase boosted the computational power by 200 … Read more
Global bitcoin mining company Bitfarms has bought the dip and added 1,000 bitcoins to its balance sheet while the prices of mining hardware remain high. The company’s corporate treasury now holds more than 4,300 bitcoins. Mining Company Buys the Dip Bitfarms Ltd. has taken advantage of the falling price of bitcoin. The publicly traded bitcoin … Read more
Nasdaq-listed Microstrategy has bought more bitcoin for its corporate treasury. The latest purchase for 1,914 coins has raised the company’s total cryptocurrency holdings to 124,391 bitcoins. CEO Michael Saylor recently said that he expects the price of the cryptocurrency to eventually reach $6 million. Microstrategy Has Purchased More Bitcoin The pro-bitcoin Nasdaq-listed company Microstrategy has … Read more
Payment service provider Allied Payment Network has partnered with New York Digital Investment Group, the bitcoin subsidiary of $10 billion asset manager Stone Ridge. Financial institutions using Allied’s platform will be able to offer their customers the option to buy, sell, and hold bitcoin. Furthermore, Allied will keep bitcoin on its balance sheet. Allied Payment … Read more
Following Tesla’s move to invest $1.5 billion in bitcoin, analysts are predicting that a flood of other companies will follow suit. Mad Money’s Jim Cramer thinks that all companies should put bitcoin in their balance sheets, and Twitter reveals that it is already looking into doing that. Other Companies Will Follow Tesla’s Bitcoin Example, Say … Read more
